v3.26.1
Property, Plant and Equipment (Tables)
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment  
Schedule of property, plant and equipment

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Prepayments

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for purchase

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​

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​

Research

​

Office

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of equipment

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Building

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and

​

furniture

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and

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and

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development

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and

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construction

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​

  ​ ​ ​

Land

  ​ ​ ​

improvements

  ​ ​ ​

Machinery

  ​ ​ ​

equipment

  ​ ​ ​

equipment

  ​ ​ ​

Others

  ​ ​ ​

in progress

  ​ ​ ​

Total

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​

(in thousands)

Cost

 

​

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Balance at January 1, 2024

​

$

37,653

​

77,782

​

94,732

​

50,233

​

14,991

​

50,772

​

4,428

​

330,591

Additions

​

 

—

​

651

​

2,210

​

5,998

​

739

​

4,844

​

2,028

​

16,470

Transfers

​

 

—

​

1,610

​

656

​

28

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—

​

453

​

(2,870)

​

(123)

Disposals

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​

—

​

(15)

​

(1,034)

​

(185)

​

(195)

​

(13,596)

​

—

​

(15,025)

Effect of exchange rate changes

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—

​

—

​

—

​

(7)

​

(51)

​

(157)

​

—

​

(215)

Balance at December 31, 2024

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​

37,653

​

80,028

​

96,564

​

56,067

​

15,484

​

42,316

​

3,586

​

331,698

Acquisitions through business combinations

​

​

162

​

55

​

101

​

—

​

17

​

31

​

—

​

366

Additions

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​

—

​

483

​

1,551

​

6,414

​

1,116

​

5,362

​

7,027

​

21,953

Transfers

​

​

—

​

—

​

939

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—

​

—

​

—

​

(939)

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—

Disposals

​

​

—

​

—

​

(59)

​

(245)

​

(168)

​

(11,322)

​

—

​

(11,794)

Effect of exchange rate changes

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​

(3)

​

(2)

​

(12)

​

3

​

39

​

106

​

(1)

​

130

Balance at December 31, 2025

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$

37,812

 

80,564

 

99,084

 

62,239

​

16,488

​

36,493

​

9,673

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342,353

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​

Accumulated Depreciation

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​

 

​

 

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​

Balance at January 1, 2024

​

$

—

 

37,300

 

72,261

 

43,850

 

12,669

 

34,402

 

—

 

200,482

Depreciation for the year

​

 

—

 

4,394

 

6,863

 

3,823

 

1,018

 

5,923

 

—

 

22,021

Disposals

​

 

—

​

(15)

​

(1,034)

​

(185)

​

(195)

​

(10,504)

​

—

​

(11,933)

Effect of exchange rate changes

​

​

—

 

(1)

 

—

 

(6)

 

(43)

 

(102)

 

—

 

(152)

Balance at December 31, 2024

​

 

—

 

41,678

 

78,090

 

47,482

 

13,449

 

29,719

 

—

 

210,418

Depreciation for the year

​

 

—

 

4,392

 

4,856

 

5,672

 

985

 

5,099

 

—

 

21,004

Disposals

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​

—

​

—

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(59)

​

(245)

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(168)

​

(8,726)

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—

​

(9,198)

Effect of exchange rate changes

​

 

—

 

(2)

 

(10)

 

3

 

35

 

72

 

—

 

98

Balance at December 31, 2025

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$

—

 

46,068

 

82,877

 

52,912

 

14,301

 

26,164

 

—

 

222,322

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Carrying amounts

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  ​

 

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  ​

 

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At December 31, 2024

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$

37,653

 

38,350

 

18,474

 

8,585

 

2,035

 

12,597

 

3,586

 

121,280

At December 31, 2025

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$

37,812

 

34,496

 

16,207

 

9,327

 

2,187

 

10,329

 

9,673

 

120,031

Schedule of estimated useful lives of property plant and equipment

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Buildings

  ​ ​ ​

25 years

Building improvements

 

4-16 years

Machinery

 

4-10 years

Research and development equipment

 

2-6 years

Office furniture and equipment

 

3-8 years

Others

 

2-15 years

Schedule of lease liabilities

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​

​

  ​ ​ ​

December 31, 

  ​ ​ ​

December 31, 

​

​

2024

​

2025

​

 

(in thousands)

Current portion (classified under other current liabilities)

​

$

3,708

​

1,752

Non-current portion (classified under other non-current liabilities)

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3,452

​

2,466

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​

$

7,160

​

4,218

Schedule of additional lease information

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Year ended December 31, 

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  ​ ​ ​

2023

  ​ ​ ​

2024

​

2025

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(in thousands)

Expenses relating to short-term leases

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$

73

​

65

​

54

Expenses relating to low-value asset leases

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$

368

​

246

​

211

Expenses relating to variable lease payments not included in the measurement of lease liabilities

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$

2,195

​

2,739

​

2,438

Schedule of reconciliation of lease liabilities to cash flows arising from financing activities

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  ​ ​ ​

Year ended December 31, 

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​

2024

​

2025

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(in thousands)

Balance at beginning of year

​

$

11,380

​

7,160

Change from financing activities:

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​

​

​

Payment of lease liabilities

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(5,032)

​

(3,160)

Total change from financing activities

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(5,032)

​

(3,160)

Other changes:

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​

​

​

New lease

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1,758

​

840

Interest expense

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216

​

160

Interest paid

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(216)

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(160)

Lease modifications

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​

(1,624)

​

(1,577)

Effect of exchange rate changes

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678

​

955

Total liability-related other changes

​

 

812

​

218

Balance at end of year

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$

7,160

​

4,218

​